Ameris Bancorp · NYSE:ABCB
Ameris Bancorp — Sandler O'Neill East Coast Financial Services Conference November 2011
16 slides from Ameris Bancorp's conference presentation, Nov 10, 2011
Slide 1: Sandler O'Neill East Coast Financial Services Conference November 2011
Exhibit 99.1 Sandler East Coast O’Neill Financial Services Conference November 2011
Slide 2: Cautionary Statements
Cautionary This Management performance operations, may performance. measures instructions. use presentation these that may, enhance Statements The and of These may non? orAmeris Company’s efficiency contains may be GAAP disclosures comparability presented not Bancorp be certain financial ofmanagemen
Slide 3: Corporate Profile
•Corporate Approximately Assets Headquartered Founded Historically Recent Four state –growth $3.0 Profile infootprint 1971 grown billion through in 715 as Moultrie, through with FTEs the Loans de American 62managing novo –acquisitions Georgia offices $2.0 expansion Banking billion 200,000 ofDeposits
Slide 4: Experienced Management Team
Experienced EXPERIENCE (Banking Edwin 31/13 Andrew 35/2 Dennis 18/6 Jon 27/12 Stephen 31/1 Cindi EVP, Management S.Columbus Barnett Flag Chief H. Colony NationsBank, Edwards W. J.A. B. Lewis /Zember Financial Hortman Ameris) Cheney Melton Administrative Bank, Management and Bankcorp, PREVIOUS Bank B
Slide 5: Current Position and Strategy
Current Position and Accelerate ?•Continue 2011 Aggressively Traditional FDIC Build Gain Continue T1pace operating capital) momentum unique Assisted Focus Ameris Improving transition 4ofM&A quarter “in? non? value Bank acquisitions leverage migration” –on interest Credit trend out and Rapidly as gro
Slide 6: Loan Portfolio Detail
Average Loan Commercial Total •– Aggressive Top Diversified In? Loan Low Alabama Inland 3Coastal loans house Type $Portfolio 25 average participations 78,794 Georgia Loan relationships greater Georgia Size –lending R/E management 9% loan 5.81% loan Detail Average than $–portfolio –325,626 44% limit
Slide 7: Commercial Real Estate and Construction Loan Detail
Comm C&D ?Spec Pre? commercial $0.0 CRE Land Misc Auto Restaurant Average Reduced $10.0 sold /Portfolio Dealerships $9.3 /Portfolio and model Golf / Res homes CRE LTV exposure $20.0 / Courses ?C? Rental homes $31.3 (Non is Detail stores $5.7 $30.0 66% $10.0 $15.8 Buildable by Owner? $1.8 $2.2 ?$10.6
Slide 8: Credit Trends and OREO
Credit Trends 100 Q 0 OREO •Breakdown Averaging Values 3Q 3 2010 3Q ‘09 In?75 2011 $14.1 $34.0 Quality in 50 Q4 6are Quarterly NPA’s 25 “Local migration‘09 of $11.5mm appropriate million OREO Q1 in Bulk ‘10 decreases of YTD 3Q new by of Q2 Sale” for 2011sales Type ‘10 non? 2011sale ?$25.1mm vs. in Q
Slide 9: Cumulative Credit Losses in Current Economic Cycle
Credit5.2% Cumulative 9.1% 10.2% 12.0% 4.0% 7.1% 7.8% 8.5% 8.0% 3.5% 9.6% 5.9% Cyclelosses in Current Economic Cycle (1) 1Q 0.0% 3.0% Conservative $117.6 $180 $25.9 $43.6 $50.4 Classified •Original (1) Analysis Unlikely Only Non? Cumulative 09$0 2Q $33.3 Accrual $90 Appraisal Accruing 09 and thatmil
Slide 10: Third Quarter Performance Update
Net interest Third dollars BALANCE Assets $9.34 Pre? PERFORMANCE Diluted tax, Quarter $10.08 $2,435 inearnings pre? millions, margin SHEET credit Update $2,991 perexcept (TE) earnings share $2,918 (2) per ? 0.07 4.04 $2,857 $11,847 share 0.04 % data 3.88 $3,010 $12,495 0.02 Q3 % 0.06 4.04 Loans, ‘10
Slide 11: Local Deposit Growth
•Local 50.4% 61.2% 96.0% 16.0% Deposit ?Growth ?Percentage ?Additional Customers ratefunding ofinBank’s deposits Non? drive through interest total Profitability in retail funding retail Bearing oriented deposit through Demand transaction sources deposits during over style that last our “walks accoun
Slide 12: Pre-Tax, Pre-Credit Earnings and Core Performance
Pre? Tax, Strong Core Pre?Operating Credit Earnings Performance (1) ($000s) $17,500 2.00% $14,000 $14,822 1.94% 1.72% 1.77% 1.00% $? Net 4.08 4.11 4.15 4.25 4.21 4.44 4.50 4.00 ABCB 3.75 PTPP Q1 3.50 Additional •earning $6.6 (1) excludes 14.0% $33.4 19.8% 0.50% Credit ‘10 Interest 4.07 3.92 million
Slide 13: FDIC-Assisted Acquisitions
Acquisition FDIC? Assisted Deposit Acquisitions Pretax Gain/ Bank Assets, FV Deposits, FV Discount Bid Date Premium (Goodwill) American (14,395) 444,100 •1,400,784 Line of Self? Serious funded (45,002) 92 business about United 1,297,680 8,208 acquisition Cost Bank ?experienced First 4,211 Savings (1
Slide 14: Significant Capital Strength
Significant Capital Strength Stable $10.10 $12.00 $9.43 $10.00 $9.94 $9.22 $4.00 $6.00 $8.00 •Significant 18.08% 20.00% 19.44% 17.62% 12.19% 13.38% 16.00% 12.00% 10.68% 10.15% Dec? 4.00% 8.00% Tier (1) Additional Most Repaying 8.0% Successfully 109 $9.35 $9.20 Risk Tangible recent increase $10.08 Ta
Slide 15: Potential Consolidation Opportunities
Potential Consolidation Opportunities (data “Loss? 155 159 130 50 60 81 90 109 Traditional 162 170 144 148 145 4Q 70 95 107 120 129 “Traditional” ••Steady (1) 100%. Average These 24% Majority Intense 23% Credit Banks 08 153 137 158 145 for of 1Q Total Share” banks levels marks 151 156 banks regulato
Slide 16: Sandler O'Neill East Coast Financial Services Conference November 2011
Sandler East Coast O’Neill Financial Services Conference November 2011
Ameris Bancorp — Sandler O'Neill East Coast Financial Services Conference November 2011 on 6ix